Intrinsic value of Toro - TTC

Previous Close

$59.69

  Intrinsic Value

$40.39

stock screener

  Rating & Target

sell

-32%

Previous close

$59.69

 
Intrinsic value

$40.39

 
Up/down potential

-32%

 
Rating

sell

We calculate the intrinsic value of TTC stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 6.4

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  4.70
  4.73
  4.76
  4.78
  4.80
  4.82
  4.84
  4.86
  4.87
  4.88
  4.90
  4.91
  4.92
  4.92
  4.93
  4.94
  4.94
  4.95
  4.95
  4.96
  4.96
  4.97
  4.97
  4.97
  4.98
  4.98
  4.98
  4.98
  4.98
  4.99
Revenue, $m
  2,623
  2,747
  2,877
  3,015
  3,160
  3,312
  3,473
  3,641
  3,819
  4,005
  4,201
  4,407
  4,624
  4,852
  5,091
  5,342
  5,606
  5,884
  6,175
  6,482
  6,803
  7,141
  7,496
  7,869
  8,261
  8,672
  9,104
  9,557
  10,034
  10,534
Variable operating expenses, $m
  2,144
  2,244
  2,349
  2,460
  2,577
  2,699
  2,829
  2,965
  3,107
  3,258
  3,385
  3,551
  3,725
  3,909
  4,101
  4,304
  4,517
  4,740
  4,975
  5,222
  5,481
  5,753
  6,039
  6,340
  6,655
  6,987
  7,335
  7,700
  8,084
  8,487
Fixed operating expenses, $m
  107
  110
  112
  115
  117
  120
  122
  125
  128
  131
  133
  136
  139
  142
  146
  149
  152
  155
  159
  162
  166
  169
  173
  177
  181
  185
  189
  193
  197
  202
Total operating expenses, $m
  2,251
  2,354
  2,461
  2,575
  2,694
  2,819
  2,951
  3,090
  3,235
  3,389
  3,518
  3,687
  3,864
  4,051
  4,247
  4,453
  4,669
  4,895
  5,134
  5,384
  5,647
  5,922
  6,212
  6,517
  6,836
  7,172
  7,524
  7,893
  8,281
  8,689
Operating income, $m
  371
  393
  416
  440
  466
  493
  522
  552
  583
  617
  683
  720
  759
  800
  844
  889
  938
  988
  1,041
  1,097
  1,156
  1,218
  1,284
  1,352
  1,424
  1,500
  1,580
  1,664
  1,753
  1,845
EBITDA, $m
  458
  483
  508
  536
  564
  595
  627
  660
  696
  733
  773
  814
  858
  904
  952
  1,003
  1,057
  1,113
  1,173
  1,235
  1,301
  1,370
  1,443
  1,520
  1,600
  1,685
  1,774
  1,868
  1,966
  2,070
Interest expense (income), $m
  19
  19
  21
  23
  26
  29
  31
  34
  38
  41
  44
  48
  52
  56
  60
  65
  69
  74
  79
  85
  91
  97
  103
  109
  116
  124
  131
  139
  148
  157
  166
Earnings before tax, $m
  353
  372
  393
  415
  438
  462
  487
  514
  543
  573
  635
  668
  703
  740
  779
  820
  863
  909
  957
  1,007
  1,060
  1,115
  1,174
  1,236
  1,301
  1,369
  1,441
  1,516
  1,596
  1,679
Tax expense, $m
  95
  101
  106
  112
  118
  125
  132
  139
  147
  155
  171
  180
  190
  200
  210
  221
  233
  245
  258
  272
  286
  301
  317
  334
  351
  370
  389
  409
  431
  453
Net income, $m
  258
  272
  287
  303
  319
  337
  356
  375
  396
  418
  464
  488
  513
  540
  569
  599
  630
  663
  698
  735
  774
  814
  857
  902
  950
  999
  1,052
  1,107
  1,165
  1,226

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,564
  1,638
  1,716
  1,798
  1,884
  1,975
  2,071
  2,171
  2,277
  2,388
  2,505
  2,628
  2,757
  2,893
  3,036
  3,186
  3,343
  3,509
  3,682
  3,865
  4,057
  4,258
  4,470
  4,692
  4,926
  5,171
  5,429
  5,699
  5,983
  6,281
Adjusted assets (=assets-cash), $m
  1,564
  1,638
  1,716
  1,798
  1,884
  1,975
  2,071
  2,171
  2,277
  2,388
  2,505
  2,628
  2,757
  2,893
  3,036
  3,186
  3,343
  3,509
  3,682
  3,865
  4,057
  4,258
  4,470
  4,692
  4,926
  5,171
  5,429
  5,699
  5,983
  6,281
Revenue / Adjusted assets
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
  1.677
Average production assets, $m
  559
  585
  613
  642
  673
  706
  740
  776
  813
  853
  895
  939
  985
  1,033
  1,084
  1,138
  1,194
  1,253
  1,315
  1,381
  1,449
  1,521
  1,597
  1,676
  1,760
  1,847
  1,939
  2,036
  2,137
  2,244
Working capital, $m
  123
  129
  135
  142
  149
  156
  163
  171
  179
  188
  197
  207
  217
  228
  239
  251
  263
  277
  290
  305
  320
  336
  352
  370
  388
  408
  428
  449
  472
  495
Total debt, $m
  373
  417
  462
  510
  561
  614
  671
  730
  792
  857
  926
  998
  1,074
  1,153
  1,237
  1,325
  1,417
  1,515
  1,617
  1,724
  1,836
  1,955
  2,079
  2,210
  2,347
  2,491
  2,642
  2,800
  2,967
  3,142
Total liabilities, $m
  918
  961
  1,007
  1,055
  1,106
  1,159
  1,216
  1,275
  1,337
  1,402
  1,471
  1,543
  1,618
  1,698
  1,782
  1,870
  1,962
  2,060
  2,162
  2,269
  2,381
  2,500
  2,624
  2,754
  2,891
  3,035
  3,187
  3,345
  3,512
  3,687
Total equity, $m
  646
  676
  709
  743
  778
  816
  855
  897
  940
  986
  1,035
  1,085
  1,139
  1,195
  1,254
  1,316
  1,381
  1,449
  1,521
  1,596
  1,675
  1,759
  1,846
  1,938
  2,034
  2,136
  2,242
  2,354
  2,471
  2,594
Total liabilities and equity, $m
  1,564
  1,637
  1,716
  1,798
  1,884
  1,975
  2,071
  2,172
  2,277
  2,388
  2,506
  2,628
  2,757
  2,893
  3,036
  3,186
  3,343
  3,509
  3,683
  3,865
  4,056
  4,259
  4,470
  4,692
  4,925
  5,171
  5,429
  5,699
  5,983
  6,281
Debt-to-equity ratio
  0.580
  0.620
  0.650
  0.690
  0.720
  0.750
  0.780
  0.810
  0.840
  0.870
  0.890
  0.920
  0.940
  0.970
  0.990
  1.010
  1.030
  1.050
  1.060
  1.080
  1.100
  1.110
  1.130
  1.140
  1.150
  1.170
  1.180
  1.190
  1.200
  1.210
Adjusted equity ratio
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413
  0.413

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  258
  272
  287
  303
  319
  337
  356
  375
  396
  418
  464
  488
  513
  540
  569
  599
  630
  663
  698
  735
  774
  814
  857
  902
  950
  999
  1,052
  1,107
  1,165
  1,226
Depreciation, amort., depletion, $m
  87
  89
  92
  95
  98
  101
  105
  108
  112
  116
  89
  94
  98
  103
  108
  114
  119
  125
  132
  138
  145
  152
  160
  168
  176
  185
  194
  204
  214
  224
Funds from operations, $m
  344
  361
  379
  398
  418
  439
  461
  484
  508
  534
  553
  582
  612
  644
  677
  713
  750
  789
  830
  873
  919
  966
  1,017
  1,070
  1,125
  1,184
  1,246
  1,310
  1,379
  1,450
Change in working capital, $m
  6
  6
  6
  6
  7
  7
  8
  8
  8
  9
  9
  10
  10
  11
  11
  12
  12
  13
  14
  14
  15
  16
  17
  18
  18
  19
  20
  21
  22
  24
Cash from operations, $m
  339
  355
  373
  391
  411
  431
  453
  476
  500
  525
  544
  572
  602
  633
  666
  701
  737
  776
  816
  859
  903
  951
  1,000
  1,052
  1,107
  1,165
  1,225
  1,289
  1,356
  1,427
Maintenance CAPEX, $m
  -53
  -56
  -59
  -61
  -64
  -67
  -71
  -74
  -78
  -81
  -85
  -89
  -94
  -98
  -103
  -108
  -114
  -119
  -125
  -132
  -138
  -145
  -152
  -160
  -168
  -176
  -185
  -194
  -204
  -214
New CAPEX, $m
  -24
  -26
  -28
  -29
  -31
  -32
  -34
  -36
  -38
  -40
  -42
  -44
  -46
  -48
  -51
  -54
  -56
  -59
  -62
  -65
  -69
  -72
  -76
  -79
  -83
  -88
  -92
  -97
  -101
  -107
Cash from investing activities, $m
  -77
  -82
  -87
  -90
  -95
  -99
  -105
  -110
  -116
  -121
  -127
  -133
  -140
  -146
  -154
  -162
  -170
  -178
  -187
  -197
  -207
  -217
  -228
  -239
  -251
  -264
  -277
  -291
  -305
  -321
Free cash flow, $m
  261
  273
  287
  301
  316
  332
  348
  366
  385
  404
  417
  439
  462
  486
  512
  539
  567
  597
  629
  662
  697
  734
  772
  813
  856
  901
  949
  999
  1,051
  1,106
Issuance/(repayment) of debt, $m
  41
  43
  46
  48
  51
  53
  56
  59
  62
  65
  69
  72
  76
  80
  84
  88
  92
  97
  102
  107
  113
  118
  124
  130
  137
  144
  151
  159
  167
  175
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  41
  43
  46
  48
  51
  53
  56
  59
  62
  65
  69
  72
  76
  80
  84
  88
  92
  97
  102
  107
  113
  118
  124
  130
  137
  144
  151
  159
  167
  175
Total cash flow (excl. dividends), $m
  302
  317
  332
  349
  366
  385
  404
  425
  447
  470
  485
  511
  538
  566
  595
  627
  660
  694
  731
  769
  809
  852
  897
  944
  993
  1,045
  1,100
  1,157
  1,218
  1,282
Retained Cash Flow (-), $m
  -29
  -31
  -32
  -34
  -36
  -38
  -39
  -42
  -44
  -46
  -48
  -51
  -53
  -56
  -59
  -62
  -65
  -68
  -72
  -75
  -79
  -83
  -87
  -92
  -96
  -101
  -106
  -112
  -117
  -123
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  13
  13
  14
  14
  15
  16
  17
  17
  18
  19
  20
  21
  22
  23
  24
  25
  27
  28
  29
  31
  32
  34
  36
  37
  39
  41
  43
  46
  48
  50
Cash available for distribution, $m
  274
  286
  300
  315
  331
  347
  365
  384
  403
  424
  437
  460
  484
  510
  537
  565
  595
  626
  659
  694
  730
  769
  809
  852
  897
  944
  993
  1,046
  1,101
  1,158
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  262
  262
  261
  259
  256
  252
  247
  240
  232
  222
  208
  196
  184
  171
  158
  144
  129
  115
  101
  88
  76
  64
  53
  43
  35
  28
  21
  16
  12
  9
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

The Toro Company (Toro) is engaged in the designing, manufacturing, and marketing of professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products. The Company operates through three segments: Professional, Residential and Distribution. Under the Professional segment, Toro designs professional turf, landscape and lighting, rental and specialty construction, snow and ice management, and agricultural products. The Residential segment provides products, such as riding products, home solutions products and snow thrower products. It manufactures and markets various walk power mower models. The Distribution segment consists of Company-owned domestic distributorship. Its brands include Toro, Exmark, BOSS, Irritrol, Hayter, Pope, Unique Lighting Systems and Lawn-Boy.

FINANCIAL RATIOS  of  Toro (TTC)

Valuation Ratios
P/E Ratio 19.1
Price to Sales 2
Price to Book 8.3
Price to Tangible Book
Price to Cash Flow 14.2
Price to Free Cash Flow 16.9
Growth Rates
Sales Growth Rate 4.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 13.7%
Cap. Spend. - 3 Yr. Gr. Rate -4%
Financial Strength
Quick Ratio 12
Current Ratio 0
LT Debt to Equity 49.6%
Total Debt to Equity 53.8%
Interest Coverage 20
Management Effectiveness
Return On Assets 19.6%
Ret/ On Assets - 3 Yr. Avg. 18.3%
Return On Total Capital 29%
Ret/ On T. Cap. - 3 Yr. Avg. 26.8%
Return On Equity 45.9%
Return On Equity - 3 Yr. Avg. 46%
Asset Turnover 1.7
Profitability Ratios
Gross Margin 36.8%
Gross Margin - 3 Yr. Avg. 36.1%
EBITDA Margin 17.4%
EBITDA Margin - 3 Yr. Avg. 16.8%
Operating Margin 14.2%
Oper. Margin - 3 Yr. Avg. 13.6%
Pre-Tax Margin 14.1%
Pre-Tax Margin - 3 Yr. Avg. 13.4%
Net Profit Margin 10.7%
Net Profit Margin - 3 Yr. Avg. 9.6%
Effective Tax Rate 24.1%
Eff/ Tax Rate - 3 Yr. Avg. 28.2%
Payout Ratio 28.4%

TTC stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the TTC stock intrinsic value calculation we used $2505 million for the last fiscal year's total revenue generated by Toro. The default revenue input number comes from 2017 income statement of Toro. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our TTC stock valuation model: a) initial revenue growth rate of 4.7% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for TTC is calculated based on our internal credit rating of Toro, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Toro.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of TTC stock the variable cost ratio is equal to 81.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $105 million in the base year in the intrinsic value calculation for TTC stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.6% for Toro.

Corporate tax rate of 27% is the nominal tax rate for Toro. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the TTC stock is equal to 0.5%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for TTC are equal to 21.3%.

Life of production assets of 10 years is the average useful life of capital assets used in Toro operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for TTC is equal to 4.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $617 million for Toro - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 108 million for Toro is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Toro at the current share price and the inputted number of shares is $6.4 billion.

RELATED COMPANIES Price Int.Val. Rating
PLOW Douglas Dynami 43.15 41.46  hold
BGG Briggs&Stratto 19.64 7.06  str.sell
ALG Alamo Group 97.02 140.11  buy
LNN Lindsay 90.58 32.18  str.sell
ARTW Art's Way 2.85 1.00  str.sell

COMPANY NEWS

▶ The Toro Company Launches Land. Water. Thrive. Initiative   [Jul-11-18 08:30AM  Business Wire]
▶ Toro: Fiscal 2Q Earnings Snapshot   [May-24-18 08:42AM  Associated Press]
▶ Toro's Earnings Outlook   [May-23-18 04:12PM  Benzinga]
▶ The Toro Company Declares Regular Quarterly Cash Dividend   [May-15-18 04:15PM  Business Wire]
▶ Edited Transcript of TTC presentation 6-Mar-17 9:00pm GMT   [Apr-10-18 02:58PM  Thomson Reuters StreetEvents]
▶ The Toro Company Declares Regular Quarterly Cash Dividend   [Mar-20-18 02:00PM  Business Wire]
▶ Toro beats Street 1Q forecasts   [Feb-22-18 08:57AM  Associated Press]
▶ 7 GARP Stocks That Should Feature in Your Portfolio   [Jan-22-18 02:10PM  InvestorPlace]
▶ Free Research Report as The Toros Revenue Grew 4.3%   [Jan-08-18 07:30AM  ACCESSWIRE]
▶ ETFs with exposure to The Toro Co. : December 29, 2017   [Dec-29-17 12:35PM  Capital Cube]
▶ Toro tops 4Q profit forecasts   [08:45AM  Associated Press]
▶ The Toro Company to Announce Fiscal 2017 Full Year Results   [Nov-30-17 08:30AM  Business Wire]
▶ ETFs with exposure to The Toro Co. : November 1, 2017   [Nov-01-17 12:50PM  Capital Cube]
▶ IIROC Trade Resumption - TTC   [Oct-20-17 09:09AM  PR Newswire]
▶ IIROC Trading Halt - TTC   [08:01AM  CNW Group]
▶ The Toro Company Declares Regular Quarterly Cash Dividend   [Sep-19-17 04:45PM  Business Wire]
▶ ETFs with exposure to The Toro Co. : September 14, 2017   [Sep-13-17 09:17PM  Capital Cube]
▶ Toro CEO Richard Olson named company chairman   [Sep-06-17 01:10PM  American City Business Journals]
▶ The Toro Co. Value Analysis (NYSE:TTC) : August 29, 2017   [Aug-28-17 09:44PM  Capital Cube]
▶ Toro beats 3Q profit forecasts   [Aug-24-17 09:58PM  Associated Press]
▶ ETFs with exposure to The Toro Co. : June 12, 2017   [Jun-12-17 02:31PM  Capital Cube]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.